October 13, 2023 New Delhi, India Decline in Retail Inflation: India’s retail inflation, as measured by the Consumer Price Index (CPI), witnessed a welcome decline in September. After reaching 7.44% in July and 6.83% in August, the inflation rate cooled down to 5.02%, marking a return to the Reserve Bank of India’s (RBI) comfort zone…
New Delhi, India September 20, 2023 USDINR In the currency market, the USDINR pair has faced renewed pressure as the US Dollar Index strengthens, pushing the Indian Rupee to a fresh low of 83.30. This decline is attributed to the robust performance of the US Dollar, coupled with rising import prices and capital outflows from…
New Delhi, India September 13, 2023 Time: 2:00 pm The Indian stock market exhibited remarkable resilience today, with the Sensex surging by 250 points and approaching its all-time high, despite facing headwinds from weak global market trends and foreign fund outflows. The Sensex, a barometer of India’s stock market, continued its upward trajectory, providing a…
New Delhi, India September 12, 2023 India’s retail inflation slowed to 6.83% in August from 7.44% in July, but it still remained above the Reserve Bank of India’s (RBI) tolerance band of 2-6%. This is the fourth instance of the retail inflation rate or the consumer price index (CPI) crossing the upper limit of the…
New Delhi, India September 11, 2023 USD/INR: Inflation Confidence Affects Dollar Inflation Confidence Affects Dollar US Treasury Secretary Janet Yellen, returning from the G20 Summit, expressed growing confidence that the US can contain inflation without significant damage to the job market. She noted that every measure of inflation is trending downward and that the recent…
Welcome to our daily pre-market update, where we comprehensively analyze the Indian rupee’s performance in the currency markets. In this article, we will delve into the previous day’s trading session, examining the critical movements of the rupee against major currencies such as the US dollar (USD), British pound (GBP), Euro (EUR), and Japanese yen (JPY)….
The recent slowdown in Britain’s previously surging inflation has had a significant impact on the value of the pound, which had been performing strongly as the best-performing currency among the Group of Seven (G7) developed economies just a day ago. Date: July 20, 2023 Place: New Delhi, India On Wednesday, the pound experienced its most…
Welcome to our daily pre-market update, where we comprehensively analyze the Indian rupee’s performance in the currency markets. In this article, we will delve into the previous day’s trading session, examining the critical movements of the rupee against major currencies such as the US dollar (USD), British pound (GBP), Euro (EUR), and Japanese yen (JPY)….
China’s Underwhelming Growth Rattles Global Markets; Calls for Stimulus Measures Grow – CurrencyVeda Analysis. Sluggish recovery, weakening yuan, and lopsided rebound worry investors. GDP forecast adjusted, prompting hopes for a policy response. Date: May 31, 2023 Place- New Delhi, India Equity markets worldwide are feeling the impact of China’s underwhelming economic rebound and the Chinese…
Date: May 25, 2023 In a staggering turn of events, global stock markets witnessed a widespread tumble today as concerns over a potential US debt default sent shockwaves through the financial world. Investors around the globe are grappling with the increasing likelihood of the United States defaulting on its debt obligations, leading to a widespread…
